Dividend and Voting Rights. The RSUs shall be entitled to receive equivalents of all dividends and other distributions paid with respect to shares of the Corporation’s common stock during the Restricted Period and thereafter until actual payment is made to the Grantee of the RSUs as issued shares of common stock. Dividend equivalents shall be deemed invested in additional RSUs on each dividend payment date, based on the fair market value of the Corporation’s common stock on the dividend payment date. RSUs shall have no voting rights.
Appears in 12 contracts
Samples: Restricted Stock Unit Agreement (National Penn Bancshares Inc), Restricted Stock Unit Agreement (National Penn Bancshares Inc), Restricted Stock Unit Agreement (National Penn Bancshares Inc)
